$6.22 Billion in Sales Expected for Johnson Controls International plc (NYSE:JCI) This Quarter

Equities research analysts expect Johnson Controls International plc (NYSE:JCI) to announce $6.22 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Johnson Controls International’s earnings, with the highest sales estimate coming in at $6.32 billion and the lowest estimate coming in at $6.09 billion. Johnson Controls International reported sales of $5.34 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.5%. The company is scheduled to announce its next earnings report on Friday, July 30th.

On average, analysts expect that Johnson Controls International will report full-year sales of $23.48 billion for the current fiscal year, with estimates ranging from $23.35 billion to $23.68 billion. For the next financial year, analysts expect that the company will post sales of $24.74 billion, with estimates ranging from $24.34 billion to $25.25 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Johnson Controls International.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Thursday, April 29th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.56 billion. Johnson Controls International had a net margin of 2.83% and a return on equity of 8.72%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share.

Several equities research analysts recently weighed in on the company. Credit Suisse Group increased their price target on Johnson Controls International from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, May 10th. Royal Bank of Canada downgraded Johnson Controls International from an “outperform” rating to a “sector perform” rating and set a $66.00 price target for the company. in a report on Wednesday, March 31st. Robert W. Baird increased their price target on Johnson Controls International from $56.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, April 13th. Morgan Stanley increased their price target on Johnson Controls International from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, May 10th. Finally, Barclays increased their price target on Johnson Controls International from $59.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, May 3rd. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $55.33.

Shares of JCI opened at $65.91 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. The firm has a market cap of $47.24 billion, a PE ratio of 77.54, a price-to-earnings-growth ratio of 2.64 and a beta of 1.00. The company’s 50 day simple moving average is $62.53 and its 200-day simple moving average is $53.54. Johnson Controls International has a 12-month low of $28.58 and a 12-month high of $66.69.

The company also recently declared a quarterly dividend, which was paid on Friday, April 16th. Stockholders of record on Monday, March 22nd were given a $0.27 dividend. The ex-dividend date was Friday, March 19th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.64%. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.26. Johnson Controls International’s dividend payout ratio (DPR) is currently 48.21%.

Johnson Controls International announced that its board has approved a share repurchase program on Thursday, March 11th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

In related news, VP Jeffrey M. Williams sold 19,196 shares of Johnson Controls International stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $66.08, for a total transaction of $1,268,471.68. Following the completion of the sale, the vice president now owns 84,228 shares in the company, valued at approximately $5,565,786.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Robert M. Vanhimbergen sold 13,500 shares of Johnson Controls International stock in a transaction dated Wednesday, March 3rd. The stock was sold at an average price of $57.67, for a total value of $778,545.00. Following the sale, the vice president now owns 46,923 shares of the company’s stock, valued at approximately $2,706,049.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,696 shares of company stock valued at $2,327,467. 0.61% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Atlas Capital Advisors LLC purchased a new stake in Johnson Controls International in the 1st quarter valued at about $25,000. Better Money Decisions LLC purchased a new stake in Johnson Controls International in the 1st quarter valued at about $27,000. Harbour Investments Inc. purchased a new stake in Johnson Controls International in the 1st quarter valued at about $27,000. Lenox Wealth Advisors LLC grew its holdings in Johnson Controls International by 209.6% in the 4th quarter. Lenox Wealth Advisors LLC now owns 610 shares of the company’s stock valued at $28,000 after buying an additional 413 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its holdings in Johnson Controls International by 813.7% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 466 shares of the company’s stock valued at $28,000 after buying an additional 415 shares during the period. Institutional investors own 89.61% of the company’s stock.

About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. It operates through Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products segments. The company designs, sells, installs, and services heating, ventilating, air conditioning, controls, refrigeration, integrated electronic security, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, as well as data-driven smart building solutions to non-residential building and industrial applications.

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